After a rally silver has been in a corrective structure for a while and it's now testing a support level previous strong resistance. At this level we may go long wth stoploss and profit target as shown at the chart.
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Price broken above the correction. move your stoploss to BE
let's see what happens. I am of the mind that Silver and Gold are bullish, there is certainly no fundamental data to indicate otherwise, the world is certainly quite unstable despite the fact indicies like the FTSE 100 are soaring. This looks like a technical pull back, it had to happen before it prices could go higher. Why exactly these things happen is a mystery to me and any help explaining them would be amazing...
I'm looking for $25 an ounce for silver before the end of the year.
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